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feed-grains soy-oilseeds wheat

Market Commentary

Overnight trading saw the start of a modest recovery at the CBOT with corn finishing 3.5 cents higher, soybeans up 5.75 cents and wheat gaining 3 cents. Weather forecasts late Thursday afternoon/evening issued a notably drier outlook for the eastern Corn Belt that poses some threat to the struggling corn and soybean crops there. Combined with technical indicators that were approaching oversold levels, cautious commercial and fund buying gave the markets a boost. The day session featured more of the same with the major ag commodities (except livestock) finishing in the green. The only real factors pushing the markets higher were technical buying at major support points and the return of weather worries for the U.S. crop. Activity was n...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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